Tag Archives: Bitcoin

How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In

Posted on by — No Comments ↓

As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts, the upcoming U.S. non-farm payroll report and Friday’s GDP data will play crucial roles in… Continue reading How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In→

Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low

Posted on by — No Comments ↓

On-chain data shows the Bitcoin supply sitting on exchanges has reached a new low for the year as investors continue to withdraw their coins. Bitcoin Exchange Reserve Has Been Riding A Downtrend Recently As explained by an analyst in a CryptoQuant Quicktake Exchange Reserve” here refers to an indicator that keeps track of the total… Continue reading Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low→

Analysts Say Now Is the Time to Re-Accumulate Bitcoin—Here’s Why

Posted on by — No Comments ↓

Bitcoin (BTC), after briefly reclaiming the $61,000 price mark yesterday has now fallen below it continuing its bearishness as of today. Amid this negative price action, the asset’s hash price, a key metric reflecting miners’ profitability, has reached historically low levels. According to a recent analysis by Woominkyu, a CryptoQuant analyst, this significant drop in… Continue reading Analysts Say Now Is the Time to Re-Accumulate Bitcoin—Here’s Why→

Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?

Posted on by — No Comments ↓

Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.… Continue reading Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?→

Market Slip Drags Injective Down 16% Despite Ongoing Developments

Posted on by — No Comments ↓

With the market resuming its bearishness today, August 30th, Injective continues to slip and slide. According to CoinGecko, INJ took a nose dive by 16% which slashed any hopes of a short-term recovery. Although the token’s performance leaves much to be desired, developments on-chain continue to unfold, cementing Injective’s position within the community. Several developments… Continue reading Market Slip Drags Injective Down 16% Despite Ongoing Developments→

Crypto Liquidation Data Rigged By Exchanges? Researcher Unveils The Truth

Posted on by — No Comments ↓

Vetle Lunde, a senior analyst at K33 Research, has issued a stark warning regarding the practices of prominent crypto exchanges concerning the authenticity of liquidation data. In a post on X, Lunde outlines how exchanges such as Binance, Bybit, and OKX have systematically modified their data reporting processes in a way that he claims significantly… Continue reading Crypto Liquidation Data Rigged By Exchanges? Researcher Unveils The Truth→

Bitcoin ‘Must Do This Now’, Says Crypto Analyst

Posted on by — No Comments ↓

In a breakdown of Bitcoin’s current market dynamics, prominent crypto analyst Dan Gambardello, in his latest video titled “Bitcoin Must Do This Now,” addressed his 368,000 followers on YouTube regarding the critical resistance levels Bitcoin is currently testing. Gambardello emphasized the importance of these levels for both short-term price movements and broader market indicators. Why… Continue reading Bitcoin ‘Must Do This Now’, Says Crypto Analyst→

Bitcoin Price Retains Support: Is a Bounce Back on the Horizon?

Posted on by — No Comments ↓

Bitcoin price remained stable above the $58,500 support zone. BTC is struggling and could only start a steady increase if it clears $61,500. Bitcoin is struggling to rise above the $60,200 and $61,500 resistance levels. The price is trading below $61,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line… Continue reading Bitcoin Price Retains Support: Is a Bounce Back on the Horizon?→

Bitcoin Reclaims $61,000: Key Levels To Watch For Continuous Surge

Posted on by — No Comments ↓

Bitcoin has recently shown signs of recovery, reclaiming the $61,000 level after a brief but sharp decline earlier this week. This bounce back in price has sparked renewed interest among the crypto community, with many closely watching for the next key moves in the market. Particularly, this latest price action has led to various analyses,… Continue reading Bitcoin Reclaims $61,000: Key Levels To Watch For Continuous Surge→

Bullish Bitcoin News? US Federal Reserve Set To Implement Three Rate Cuts This Year

Posted on by — No Comments ↓

As global economic uncertainty looms, Bitcoin (BTC) has experienced increased volatility and is struggling to maintain its footing above critical resistance levels lost over the past month. The largest cryptocurrency on the market remains in a precarious position, but emerging signs could bode well for the BTC price and the broader crypto ecosystem. Fed’s Rate… Continue reading Bullish Bitcoin News? US Federal Reserve Set To Implement Three Rate Cuts This Year→